Updates

Reach - Shares soar £1 over the month

August 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares exploded up after H1 results. Total sales grew 4% to £302m (+2.6% on a like-for-like basis), which finance director Simon Fuller tells me is the first organic revenue growth since 2007. This reflected a bounceback from Covid for Print revenue (which grew in Q2) but the game changer is Digital, which grew by 42.7%. Adjusted operating profit was £68.9m for eps of 17.8p.H1 21 saw Digital achieve what it had for the whole of 2017, which shows how far Reach has come - it represents £69m or 23% of sales, which makes it greater than print advertising. As I have previously said, Reach is the fifth largest UK digital asset with an audience of 42m. Fuller says the key takeaway is that the number of journalists is now greater than ...

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Everyman Media

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Reach - Profit forecast upgraded by £5m this year and next (June 2021)

Reach - Highest operating margin for six years - value unlock coming (April 2021)

Reach - I expect it to be in the running for FTSE-250 soon enough (February 2021)

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Reach (October 2020)

Reach (May 2020)

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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